METC (Ramaco Resources) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)


METC Ramaco Resources Inc METC
84 GF Score
Price $12.53
GF Value $9.16
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Ramaco Resources Scaled Net Operating Assets?

Ramaco Resources METC -0.71% 84 Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus rates METC with a GF Score™ of 84/100 and a GF Value™ of $9.16 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ramaco Resources's operating assets for the quarter that ended in Mar. 2026 was $736.4 Mil. Ramaco Resources's operating liabilities for the quarter that ended in Mar. 2026 was $185.8 Mil. Ramaco Resources's Total Assets for the quarter that ended in Dec. 2025 was $1,140.6 Mil. Therefore, Ramaco Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.


Ramaco Resources Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ramaco Resources's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ramaco Resources Scaled Net Operating Assets Chart

Ramaco Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.25 0.72 0.65 0.76

Ramaco Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.66 0.70 0.60 0.48

METC vs SXC, AREC, AMR: Scaled Net Operating Assets Comparison

For the Coking Coal subindustry, Ramaco Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ramaco Resources Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Ramaco Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ramaco Resources's Scaled Net Operating Assets falls into.


METC
84GF Score
Ramaco Resources Inc METC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ramaco Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ramaco Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(700.222-188.121)/674.686
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1140.569 - 440.347
=700.222

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=657.003 - 461.545 - 7.337
=188.121

Ramaco Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(736.383-185.753)/1140.569
=0.48

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1091.588 - 355.205
=736.383

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=654.584 - 461.2 - 7.631
=185.753

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.48 mean?
Ramaco Resources (METC) has a Scaled Net Operating Assets of 0.48 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ramaco Resources and its competitors.
Is Ramaco Resources' Scaled Net Operating Assets too high?
Ramaco Resources' current Scaled Net Operating Assets is 0.48. Overall, Ramaco Resources has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramaco Resources' Scaled Net Operating Assets compare to SXC and AREC?
Ramaco Resources' Scaled Net Operating Assets of 0.48 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Steel company?
A good Scaled Net Operating Assets depends on the Steel industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ramaco Resources and its competitors. Ramaco Resources's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramaco Resources stock overvalued right now?
Based on GuruFocus' analysis, Ramaco Resources (METC) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.16, compared to a current price of $12.53 — trading 36.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.48. Ramaco Resources' overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ramaco Resources (METC), the current Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ramaco Resources (METC) Overvalued in 2026?

Based on GuruFocus' analysis, Ramaco Resources stock appears to be overvalued. The current stock price of $12.53 is trading 36.8% above its estimated GF Value™ of $9.16. GuruFocus considers Ramaco Resources to be Significantly Overvalued.

Key valuation signals for METC:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: $9.16 vs. price of $12.53 (36.8% above fair value)
  • GF Score™: 84/100 with 10 warning signs

No single metric tells the full story. See the METC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ramaco Resources Business Description

Other Exchanges METCB:USA5R02:Germany
Address 250 West Main Street, Suite 1900, Lexington, KY, USA, 40507
Ramaco Resources Inc is a United States-based company that operates as a pure-play metallurgical coal company with operations in southern West Virginia and southwestern Virginia. Its portfolio includes high-quality metallurgical coal reserves & resources, with a focus on properties such as Elk Creek, Berwind, Knox Creek, and Maben. These properties are strategically located to serve North American blast furnace steel mills and coke plants, as well as international metallurgical coal consumers. Additionally, the company controls mineral deposits in Sheridan, Wyoming, exploring potential opportunities in rare earth elements and coal-to-carbon-based products. The company's two operating segments are Metallurgical Coal segment; and Rare Earths and Critical Minerals.
84GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.53
Price
$9.16
GF Value